ASR Vermogensbeheer N.V. has made a significant investment in Texas Pacific Land Corporation (NYSE:TPL), buying 12,302 shares valued at approximately $16.3 million, which amounts to 0.05% of the company's stock. Texas Pacific Land reported earnings per share of $5.24 for the last quarter, missing the consensus estimate by $0.03, with revenues of $195.98 million against expectations of $211 million. The company recently declared a $1.60 quarterly dividend, representing an annualized dividend of $6.40 and a yield of 0.7%, with a payout ratio of 32.02%. Several other hedge funds have also modified their holdings of TPL. Strategy Asset Managers LLC acquired a new stake in Texas Pacific Land in the first quarter valued at $576,000. Hemington Wealth Management raised its stake by 66.7%, now owning 20 shares valued at $26,000 after buying an additional 8 shares. Roberts Glore & Co. Inc. IL acquired a new stake valued at $209,000. Vanguard Group Inc. raised its stake by 4.9%, now owning 2,466,123 shares valued at $3,267,588,000 after buying an additional 115,743 shares. Westwood Holdings Group Inc. raised its stake by 14.8%, now owning 248 shares valued at $329,000 after buying an additional 32 shares. 59.94% of the stock is currently owned by institutional investors and hedge funds. Texas Pacific Land's stock traded down $3.87 to $863.59 during midday trading on Friday, with a trading volume of 160,188 shares compared to its average volume of 168,122. The company has a fifty-two week low of $766.51 and a fifty-two week high of $1,769.14. It has a market cap of $19.85 billion, a P/E ratio of 43.05, and a beta of 1.14. The business has a 50-day simple moving average of $1,031.57 and a 200-day simple moving average of $1,219.38. Texas Pacific Land last posted its quarterly earnings results on August 6th, reporting $5.05 earnings per share, missing analysts' consensus estimates of $5.48 by $0.43. The company had a net margin of 62.16% and a return on equity of 39.47%. Revenue was $187.54 million, compared to analyst estimates of $198.00 million. The company also announced a quarterly dividend of $1.60 per share, payable on September 16th to shareholders of record on September 2nd, representing an annualized dividend of $6.40 and a dividend yield of 0.7%. The dividend payout ratio is currently 31.90%. Texas Pacific Land Corporation engages in land and resource management, and water services and operations. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, totaling approximately 195,000 NRA located in the western part of Texas.

12,302 Shares in Texas Pacific Land Corporation (NYSE:TPL) Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. has acquired 12,302 shares of Texas Pacific Land Corporation (NYSE:TPL) valued at $16.3 million, representing 0.05% of the company's outstanding stock. Texas Pacific Land reported weaker-than-expected quarterly earnings of $5.05 per share, missing consensus estimates of $5.48, with revenue of $187.54 million below expectations of $198.00 million. The company maintained a net margin of 62.16% and a return on equity of 39.47%. It announced a quarterly dividend of $1.60 per share, resulting in an annualized dividend of $6.40 and a yield of 0.7%, with a payout ratio of 31.90%. Several hedge funds and institutional investors have also adjusted their holdings in TPL, including Strategy Asset Managers LLC, Hemington Wealth Management, Roberts Glore & Co. Inc. IL, Vanguard Group Inc., and Westwood Holdings Group Inc. The company's market capitalization is $19.85 billion, with a P/E ratio of 43.05 and a 52-week price range of $766.51 to $1,769.14. Texas Pacific Land operates in land and resource management, including water services and oil and gas royalty interests across western Texas.